What is the difference between a Listing Agreement and a Buyer Representation Agreement?

In Washington, residential real estate law involves two main agreements that a homeowner needs to understand in order to buy or sell a home: the Listing Agreement and the Buyer Representation Agreement. Both agreements set out the terms and conditions of the deal between a seller and buyer. A Listing Agreement is an agreement between a seller and a real estate broker. It authorizes the broker to list the seller’s home for sale, and sets out the terms for the sale such as a listing price, commission fees, advertising costs, and other conditions. A Buyer Representation Agreement, on the other hand, is an agreement between a buyer and a real estate broker. It authorizes the broker to represent the buyer in the purchase of a home, and sets out the terms for the purchase such as the purchase price, commission fees, inspections, etc. The agreement also ensures that the broker will act in the best interests of the buyer, and that the buyer will be given the best possible advice. In summary, a Listing Agreement is an agreement between a seller and a real estate broker, while a Buyer Representation Agreement is an agreement between a buyer and a real estate broker. Both agreements set out the terms and conditions of the sale or purchase and ensure that the parties involved are protected.

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What is the difference between a Listing Agreement and a Buyer Representation Agreement?

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